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WASHINGTON COUNTY LOCAL DEVELOPMENT CORP
FORT EDWARD, NY · EIN 141676889 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$271K
expenses
$165K
net assets
$5.2M
employees
0
program ratio
66%
mission · from form 990

PROVIDE LOANS TO BUSINESSES WHO PROVIDE JOBS TO LOW-MIDDLE INCOME HOUSEHOLDS.

profile · synthesized from sources

Washington County Local Development Corp is a nonprofit organization based in Fort Edward, NY, focused on economic development through targeted lending. It provides financial support to businesses that create employment opportunities for low- to moderate-income households. The organization operates as a community development financial entity with a mission-driven lending model.

named programs · 1 · from sources

What they call their work

Business Loan Program
Provides financing to small businesses that commit to creating jobs for low- to moderate-income individuals in Washington County, NY
activities · 1 group

What they do

  • Small Business and Nonprofit Lending 1 activity
    • Providing loans to businesses that create employment opportunities for low- to middle-income households
      Offers financing to businesses specifically aimed at generating employment opportunities for individuals in low- to middle-income households, supporting economic development and job creation in target communities.
financials · form 990 · fy2024
revenue
Total revenue$271K
Contributions & grants$80K30%
Program service revenue$161K59%
Investment income$19K7%
Other revenue$11K
expenses
Total expenses$165K
Program expenses66%
Admin / overhead34%
Fundraising0%
Salaries & benefits$102K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$5.23M
Cash$2.68M
Investments$0
Liabilities$51K
Net assets$5.18M
Liquid reserves195.1 mo
5 years on record · 2020–2024 · YoY revenue +2.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DEANNA DERWAY PRESIDENT 40 $75K
board members · 19
  • BRIAN CAMPBELL — TREASURER
  • CASSIE FEDLER — CAMBRIDGE, B.O.D.
  • CHARLES TALL — DRESDEN, B.O.D.
  • DAN SHAW — EASTON, B.O.D.
  • DANA HOGAN — KINGSBURY, B.O.D.
  • DARRELL WILSON — PUTNAM, B.O.D.
  • DAVE O'BRIEN — HAMPTON, B.O.D.
  • DAVID O'BRIEN — CHAIRMAN
  • JAMES GIFFITH — VICE-CHAIRMAN
  • JAMES GRIFFITH — WHITE CREEK, B.O.D.
  • JAY SKELLIE — JACKSON, B.O.D.
  • JIM NOLAN — GREENWICH, B.O.D
  • JOHN ROZELL — WHITEHALL, B.O.D.
  • NATE BAKER — GRANVILLE, B.O.D.
  • ROBERT HENKE — ARGYLE, B.O.D.
  • SAMUEL HALL — FORT ANN, B.O.D.
  • SCOTT HAHN — HARTFORD
  • SUE CLARY — SECRETARY
  • TIM FISHER — FORT EDWARD, B.O.D.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.